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Wholly foreign owned enterprise Formation in shenzhen

Last Updated: Dec. 13, 2017

Establishing a Wholly Foreign Owned Enterprise in Shenzhen:

Popular districts by PtC's clients in Shenzhen: Futian, Nanshan, Luohu

Registered capital: No. minimum registered capital is required for WFOEs
with scope of business of consulting, Trading, retailing, information
technology etc. in Shenzhen. There are minimum registered capital still
required for some sectors, for instance: Banking, Forwarding, education
etc.

The above documents are good enough to register a Trading WFOE,
Service WFOE
& Consulting WFOE
in Shenzhen . For a manufacturing WFOE
establishment in Shenzhen, you will also need:

Purpose and estimated investment

WFOE's
operational structure and number of employees

Permission for land use, environment evaluation report

Products, size of production, detailed list of equipment, and business
plan

Environmental protection measures

Requirement for utilities such as power and water supply

Registration Procedures

Foreign investors are not permitted to directly submit the application
documents of incorporate a WFOE to the relevant authority in Shenzhen.
They must retain a PRC
entity that is authorized or permitted by relevant authorities to act
as a sponsor. The sponsor will submit all the documents to the examination
and approval authorities on behalf of the foreign investor. Procedures
for setting up a Wholly Foreign Owned Enterprise in Shenzhen are the following:

Name registration with Shenzhen Administration of Industry and Commerce
(SAIC)